Citizens Financial Group Inc RI Sells 1,311 Shares of MCCORMICK & CO /SH NV (NYSE:MKC)

Citizens Financial Group Inc RI reduced its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 64.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 711 shares of the company’s stock after selling 1,311 shares during the quarter. Citizens Financial Group Inc RI’s holdings in MCCORMICK & CO /SH were worth $100,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MKC. IFP Advisors Inc grew its holdings in shares of MCCORMICK & CO /SH by 12.8% during the fourth quarter. IFP Advisors Inc now owns 792 shares of the company’s stock worth $135,000 after buying an additional 90 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of MCCORMICK & CO /SH by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,943 shares of the company’s stock worth $7,459,000 after buying an additional 432 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of MCCORMICK & CO /SH during the fourth quarter worth about $691,000. Advisor Partners LLC grew its holdings in shares of MCCORMICK & CO /SH by 1.9% during the fourth quarter. Advisor Partners LLC now owns 4,359 shares of the company’s stock worth $731,000 after buying an additional 81 shares in the last quarter. Finally, Peddock Capital Advisors LLC bought a new position in shares of MCCORMICK & CO /SH during the fourth quarter worth about $107,000. Institutional investors and hedge funds own 76.61% of the company’s stock.

A number of research firms recently issued reports on MKC. Deutsche Bank decreased their price objective on MCCORMICK & CO /SH from $163.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Bank of America downgraded MCCORMICK & CO /SH from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $175.00 to $140.00 in a report on Thursday, March 19th. Cfra decreased their price target on MCCORMICK & CO /SH from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Zacks Investment Research upgraded MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Wednesday, May 6th. Finally, Credit Suisse Group upgraded MCCORMICK & CO /SH from a “neutral” rating to an “outperform” rating and raised their price target for the company from $147.00 to $187.00 in a research note on Thursday, May 14th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. MCCORMICK & CO /SH has a consensus rating of “Hold” and a consensus target price of $146.82.

MKC opened at $171.87 on Friday. MCCORMICK & CO /SH NV has a 12-month low of $112.22 and a 12-month high of $180.38. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 6.66 and a beta of 0.33. The business has a 50 day moving average of $158.28 and a 200-day moving average of $159.78. The company has a quick ratio of 0.33, a current ratio of 0.74 and a debt-to-equity ratio of 1.01.

MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.05. MCCORMICK & CO /SH had a return on equity of 20.53% and a net margin of 13.13%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm posted $1.12 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. As a group, analysts expect that MCCORMICK & CO /SH NV will post 5.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were given a $0.62 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.44%. MCCORMICK & CO /SH’s payout ratio is 46.36%.

MCCORMICK & CO /SH Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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